U.S. Treasury Secretary Bessent said the U.S. has zero tolerance for Iran and will seek to economically strangle its development.

At its 1H2026 results briefing, Guodian NARI said it is shifting from technology-extension to accelerated large-scale project rollout across four value-added areas: water, pipeline, transport and computing networks. This year the company won the gate-control system for the Central Yunnan water-diversion mainline; secured a smart substation project for the national pipeline network and scaled its energy–carbon management platform across six provinces for the national pipeline operator. Transport wins include Nanjing North Station and Wuxi Metro Line 5. In computing, Guodian NARI is partnering with China Mobile and other carriers on power–compute integrated infrastructure and computing-network builds, and has secured more than ten data/intelligent computing center projects in Shaanxi, Tibet and other regions.

ECB governing council member Nagel criticised the US for selling euros to support the yen without prior coordination with European partners, saying advance consultation on such interventions would have been preferable. Nagel made the remarks while attending the G20 finance chiefs and central bank governors meeting. Japan intervened in FX markets in late July; US Treasury Secretary Bessent confirmed in early August that the US had assisted against ‘disorderly’ yen moves, and reports say the US used euros rather than dollars, breaking long-standing practice. Nagel said the issue has been raised and publicly discussed and that Europeans are not pleased the action lacked prior coordination.